Transfer Pricing and Customs Valuation: Managing Risk and Alignment in Related Party Cross-Border Goods Transactions
Duration: 2 hours
Price: R195.00
Transfer Pricing and Customs Valuation: Managing Risk and Alignment in Related Party Cross-Border Goods Transactions
Presenters : Carryn Alexander , Karen Miller
Overview
Multinational enterprises engaged in cross-border trade frequently face competing requirements between transfer pricing (TP) regulations and customs valuation rules. While transfer pricing aims to ensure that transactions between related parties reflect arm’s length outcomes for direct tax purposes, customs authorities focus on determining whether the declared import value accurately represents the value of goods entering a jurisdiction.
This video explores the complex relationship between transfer pricing and customs valuation, highlighting the challenges encountered when related-party transactions involve the sale of tangible goods across borders. Practitioners gain practical insights into how customs and tax authorities assess intercompany pricing, the risks arising from year-end TP adjustments, and strategies for achieving greater consistency between transfer pricing policies and customs valuation requirements.
The video combines technical guidance, practical examples, case studies and emerging trends in tax and customs enforcement to equip practitioners with the knowledge required to identify, manage and mitigate risks in this increasingly scrutinised area.
Video Content
- Introduction to TP and Customs Valuation
- Transfer Pricing Fundamentals
- Customs Valuation Fundamentals
- Interplay between Transfer Pricing and Customs Valuation
- Key Issues in Related-Party Goods Transactions
- Audit and Controversy Management
Competencies Developed
By the end of the video, practitioners are able to:
- Understand the fundamental differences and commonalities between transfer pricing and customs valuation frameworks.
- Identify key risks associated with related-party cross-border sale of goods transactions.
- Assess the impact of transfer pricing policies on customs valuation outcomes.
- Understand how customs authorities evaluate related-party pricing arrangements.
- Navigate the implications of transfer pricing adjustments from a customs perspective.
- Understand customs audit focus areas and manage potential audits.